5501.0.55.001 - Government Financial Estimates, Australia, 2008-09

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ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 26/08/2008

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About this Release

The table below presents the 2008-09 GFS net operating balance and net lending(+)/borrowing(-) estimates for the general government sector for each level of government. The GFS net operating balance for all levels of government in 2008-09 is estimated to be $34,881 million. The all levels of government net acquisition of non-financial assets is expected to be $16,243 million, resulting in an estimated net lending/borrowing position for 2008-09 of $18,638 million.

ALL LEVELS OF GOVERNMENT, OPERATING STATEMENT - 2008-09 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)

	$m	$m	$m	$m	$m
GFS Revenue	319 361	16 514	169 730	25 580	439 196
GFS Expenses	294 452	14 539	164 933	22 480	404 315
GFS Net Operating Balance	24 908	1 975	4 796	3 100	34 881

Net acquisition of non-financial assets	1 889	768	10 296	3 306	16 243

GFS Net Lending(+)/Borrowing(-)	23 019	1 207	-5 500	-206	18 638

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.

2008-09 CASH FLOW STATEMENT

The table below presents the 2008-09 GFS surplus(+)/deficit(-) estimates for the general government sector for each level of government. The GFS surplus(+)/deficit(-) for all levels of government for 2008-09 is estimated to be $23,694 million.

ALL LEVELS OF GOVERNMENT, CASH FLOW STATEMENT - 2008-09 General Government
	Commonwealth	Multi- jurisdictional (a)	State	Local	All levels of government (b)

	$m	$m	$m	$m	$m
Surplus(+)/Deficit(-)	25 091	579	-3 312	717	23 694

(a) The multi-jurisdictional sector contains units where jurisdiction is shared between two or more governments, or classification of a unit to a jurisdiction is otherwise unclear. The main type of units in this category are the public universities.
(b) The sum of individual levels of government may not agree with total All levels of government figures due to transfers between levels of government.

KEY STATE GOVERNMENT BALANCES

The table below presents 2008-09 GFS estimates for the key analytical balances in the operating and cash flow statement for the general government sector of each state and territory jurisdiction.

STATE GOVERNMENTS : KEY ANALYTICAL BALANCES 2008-09 General Government
	Operating Statement		Cash Flow Statement

	GFS Net Operating Balance	GFS Net Lending (+)/ Borrowing(-)	Surplus(+)/ Deficit(-)

	$m	$m	$m
New South Wales	738	-1 555	-1 132
Victoria	930	-323	-74
Queensland	805	-3 139	-2 123
South Australia	160	-549	-530
Western Australia	1 967	237	150
Tasmania	105	30	158
Northern Territory	113	-81	9
Australian Capital Territory	-6	-105	224

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070, email <client.services@abs.gov.au> or Katrina Watts on Canberra (02) 6252 5555, email <public.finance@abs.gov.au>.